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WB Hails Sisi's Initiative to Invest In Human Capital
Egypt >> 4/11/2019 - World Bank officials hailed an initiative of President Abdel Fattah El Sisi to invest in human capital, especially in the fields of education and health.

The World Bank has channeled dlrs 1.0...
Electricity Min., German State Min. For Economic Affairs Discuss Developing Energy Sector
Egypt >> 4/12/2019 - Electricity Minister Mohamed Shaker had talks with German State Secretary at the Federal Ministry for Economic Affairs and Energy Andreas Feicht on developing the energy sector.

The meeting ...
CBE: Bank Deposits Up By EGP 19bn in January
Egypt >> 4/12/2019 - The Central Bank of Egypt (CBE) announced an increase in bank deposits by around EGP 19 billion by the end of January to reach EGP 3.837 trillion compared to EGP 3.818 trillion in December.

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Investments worth EGP 4.9 Billion Pumped Since Launching New Obour City Project
Egypt >> 4/12/2019 - Minister of Housing Assem el Gazzar said that investments worth EGP 4.9 billion were pumped into the new Obour city since laying the foundation stone in March 2018.

Of these investments, EGP...
WB Dedicates Dlrs 200 Mn to Support Entrepreneurship in Egypt
WB Dedicates Dlrs 200 Mn to Support Entrepreneurship in Egypt Egypt >> 4/12/2019 - The World Bank (WB) has approved the allocation of 200 million dollars for backing entrepreneurship and SMEs in Egypt, giving top priority to women-run projects, said Investment Minister Sahar Nasr .<...
Investment Minister Urges WB, IMF to Support Developing Countries
Egypt >> 4/12/2019 - Minister of Investment and International Cooperation Sahar Nasr called on the World Bank (WB) and International Monetary Fund (IMF) to support developing countries in terms of regional trade, investme...
IMF Hails Cooperation with Egypt in Reform Program
Egypt >> 4/13/2019 - Director of the International Monetary Fund's (IMF) Middle East and Central Asia department Jihad Azour stressed the importance of the fund's cooperation with Egypt, expecting that the Egyptian econom...
Egypt, Hungary Discuss Boosting Coop. In Livestock Field
Egypt >> 4/13/2019 - Deputy Agriculture Minister for Animal Resources, Fisheries and Poultry Mona Mehrez has discussed in a meeting with Hungarian Ambassador in Cairo Peter Kveck means of boosting bilateral cooperation in...
Egypt Accepts French Wheat Cargo after Re-Testing
Egypt >> 4/14/2019 - A French wheat cargo Egypt had rejected by Egypt due to high levels of the grain fungus ergot has been re-tested and found to have acceptable levels, a ministry document showed and an Egyptian officia...
UAE, Italy Consolidating Economic Partnership
United Arab Emirates >> 4/15/2019 - The UAE- Italy non-oil trade exchange amounted to US$7.8 billion in 2017 and exceeded $5.7 bn during the first nine months of 2018, according to Sultan bin Saeed Al Mansouri, Minister of Economy.
<...
Reinsurance Agreement Signed to Boost Italian Businesses in UAE
United Arab Emirates >> 4/15/2019 - Etihad Credit Insurance, ECI, the UAE Federal credit insurance company, and SACE SIMEST, the Italian export credit company, CDP Group, today signed a reinsurance agreement to support Italian businesse...
Egypt Keen on Drawing on WB Expertise in Digital Transition
Egypt Keen on Drawing on WB Expertise in Digital Transition Egypt >> 4/15/2019 - Investment and International Cooperation Minister Sahar Nasr reiterated Egypt's keenness on benefiting from the World Bank's expertise in digital transition in light of the bank's allocation of 25 bi...
Egypt Plans to Sell Banque Du Caire Stake Next Year: CBE Governor
Egypt >> 4/15/2019 - Egypt plans to sell a stake in Banque du Caire, one of the country’s biggest state-owned lenders, toward the end of this year, the Central Bank of Egypt (CBE) Governor Tarek Amer said.

“The...
Egypt's Finance Ministry Collects Temporary Fees on Steel Rebar, Steel Billets For 180 Days
Egypt >> 4/15/2019 - Egypt's Ministry of Finance says it has started collecting "temporary protection fees" of 25 percent on steel rebar and 15 percent on iron billets for 180 days starting Monday.

The ministry ...
Export Bahrain Ties Up With Gulf Air Cargo to Offer Special Discounts on Cargo Exports
Bahrain >> 4/16/2019 - Export Bahrain signed an exclusive partnership with Gulf Air’s Falcon Cargo to provide SMEs in the Kingdom of Bahrain, exporting their goods to the tune of 100 kilograms or above, with special discoun...
Egypt's New Budget Cuts Fuel Subsidies By 40.5 Percent, and Electricity By 75% in FY 2019/20
Egypt >> 4/16/2019 - A finance ministry report on Egypt’s new budget (2019/20) showed that fuel subsidies will be reduced by EGP 36.112 billion (40 percent) in the new fiscal year, Finance Minister Mohamed Mait said in a ...
Amman Bourse Opens Trading With Drop
Jordan >> 4/16/2019 - The Amman Stock Exchange (ASE) opened trading with a drop to 1,897 points from its yesterday's closure at 1,899 points.

The market index fluctuated in the first 15 minutes of today's sessi...
Sharjah Islamic Bank's Net Profit Rises By 6% in Q1 2019
United Arab Emirates >> 4/16/2019 - Sharjah Islamic Bank, SIB, reported a six percent increase in its net profit, amounting to AED151.7 million in the first quarter of 2019, compared to AED143.1 million reported for the same period last...
President Sisi's Vision on Sustainable Development Achieved Major Economic Progress
President Sisi's Vision on Sustainable Development Achieved Major Economic Progress Egypt >> 4/16/2019 - Minister of Investment and International Cooperation Sahar Nasr said that the vision of President Abdel Fattah El Sisi on sustainable development has helped achieve major economic progress.

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Assar, Bechtel Region President Discuss Bilateral Cooperation
Egypt >> 4/16/2019 - Military Production Minister Mohamed Said el Assar discussed with Stuart Jones, the Bechtel region president for Europe and Middle East, means of promoting bilateral cooperation in various fields, inc...

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